Personally, I don't think the company is a scam, but rather, they have not executed well or to expectations (expectations that they set via the wording in their press releases over the years). PODA is a very good example of this. Three times they released an NR saying the product was ready to go and would be released and in all three cases, the product was not released. Another example is saying Acreage P3 would be done by Jan 2019 (this was stated as late as Dec 2018) and then to turnaround and say it will be Fall 2019. Things change, regulators delay things, that is understandable. What is not understandable is why the company does not tell shareholders what is going on, why there was a delay, what's being done about it, etc.
As for LOI's, I have learned over the years press releasing them really doesn't mean much. They simply allow two companies to have discussions. After the discussions they may decide there is nothing there. I used to think LOI meant all the discussions had already taken place and just the final work is left but I don't think that is true. So, for me, LOIs always need to be taken with a grain of salt. I've talked to CEOs of other companies and they have told me they've have many LOIs that never came to fruition.
They definitely need better/more transparency. It seems that they make things more complicated than needed. For example, they had signed Tycona Media to a 12 month IR contract, then 3 months later signed Darmwin to do the same. They never confirmed that Tycona was out and Darwin was in so shareholder are left wondering if they now have 2 IR firms or one. Then Wills Commuication came into the picture so even further confused things. It's this kind of silliness that I think is a big part of the issue with the share price
I am trying to view this long term. If they continue to build out their plants, get into oils, etc, I think they will turn it around. My biggest worry right now is that they do a very dilutive financing with cheap warrants. It would not surprise that the sp has been driven down to these levels to allow for cheap financing with loads of warrants. Just a guess though
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